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318 3rd Ave S
Edmonds, WA 98020 Outlying Lynnwood-Snohomish

$1,300,000 USD

Apartments For Sale • 3,584 SF

Property Details

Property Type Apartments
Total Building Size 3,584 SF
Lot Size 0.2 AC
Building Class B
Year Built 1962
Cap Rate 4.47 %
Zoning RM1.5

50 Transit Score

50 Walk Score

                
                    Highlights
                
                                Excellent Edmonds Bowl location
                            
                                Seller Financing available
                            
                                Value add opportunity
                            
                                Future development potential
                            
                                Views from upper units
                            
                                Adjacent 5 unit also for sale

Property Flyers

318 3rd Ave S - RPIWDD

Financial Summary (Actual)

Net Operating Income: $58,132 USD (2025)

Cap Rate:

4.47 %

Amenities

Laundry Facilities

Public Transportation

Commuter Rail	Drive	Walk	Distance
Edmonds Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	2 min	8 min	0.4 mi
Transit/Subway	Drive	Walk	Distance
Edmonds Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	2 min	8 min	0.4 mi
Airport	Drive	Walk	Distance
Seattle Paine Field International	23 min	-	11.2 mi
Seattle-Tacoma International	47 min	-	30.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Surface
Included in Rent:	Yes

Ryan Iles 206-948-3670 Paragon Real Estate Advisors

318 3rd Ave S Edmonds, WA 98020 Outlying Lynnwood-Snohomish